Formed after a feasibility study, Greenstone is a means to maximize program flexibility and help MMRMA reduce reliance on the traditional marketplace through long-term increased risk retention. "The formation of the captive is a key element of MMRMA's long-term strategic plan. Greenstone will provide new products and services in response to member needs," MMRMA Executive Director Michael Rhyner said.

Capitalized by MMRMA, the captive is a formal risk financing entity that maintains a conservative and stable approach to risk retention. According to Rhyner, "MMRMA is a mature pool, and captive creation is a great way to deploy capital to further benefit the membership."

For more information about Greenstone Insurance Company, contact Michael Rhyner at 734-513-0300.